The Real Deal New York

Gold Coast Bank appoints Catsimatidis’ son to board

The bank just opened its first NYC location

August 15, 2016 12:36PM

From left: John Catsimatidis, John Catsimatidis, Jr. and Margo Catsimatidis (Credit: Steve Mack/FilmMagic via Getty Images)

From left: John Catsimatidis, John Catsimatidis, Jr. and Margo Catsimatidis (Credit: Steve Mack/FilmMagic via Getty Images)

According to Gold Coast Bank, John Catsimatidis’ son is just the right millennial for its board.

The Long Island bank has appointed 24-year-old John Catsimatidis Jr. to its board, the New York Post reported. The appointment comes shortly after the bank opened its first New York City location in one of the elder Catsimatidis’ buildings.

“We want someone who has expertise in the millennial market,” John Tsunis, chairman of the bank’s board, told the Post. “That’s a huge factor in Brooklyn.”

In July, the bank signed a lease for its first New York City location at Catsimatidis’ 81 Fleet Place in Brooklyn. Tsunis said the lease deal was completed months ahead of the appointment.

Catsimatidis is the owner of the Red Apple Group TRData LogoTINY and Gristedes Foods. He’s had a mayoral run and is consistently one of the biggest political donors among real estate players in New York City. In June, he gave $50,000 to the Trump Victory election fund. He also donated $10,ooo to Long Island Democrat Todd Kaminsky’s campaign[NYP] Kathryn Brenzel 

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